Technology has become more embedded in our economies and surprisingly keeps steeping along the way particularly into the banks and financial institutions sectors. This trend is associated with beneficial and adverse externalities to society. On the benefits side, improvement in technology offers low transaction cost, low latency, agility, flexibility, and...

Focus on draft Customs Act 2018

Once upon a time, customs tax was the main source of revenue generation for the government. Thanks to open market policy, this gradually changed over time. Now, tax at domestic level is more important while Value Added Tax (VAT) has taken the first position. Government allows and encourages industrial raw...